What kind of conclusions could we draw by looking at the two images below? The first one relates the economy’s orders to the S&P 500. Orders could be considered a […]

Over the course of 25+ years, we came to believe that inflation was dead, there was no alternative to stocks, interest rates will stay low forever, tech companies’ stocks will […]

Wednesday evening, I was reading an editorial praising Chairman’s Powell performance following the Fed’s decision to raise rates by another 75 bps. “One for the hawks, one for the doves,” […]

John E. Charalambakis Jonathan Swift’s marvelous work of Gulliver’s Travels is full of subliminal messages regarding geopolitics, statecraft, rationality/irrationality, and intrigues where trivial issues promoted by fanatical incompetent idiotic characters become the […]

John E. Charalambakis Could we see another 15%+ market downturn? Absolutely. Could the bond market illiquidity issues get worse? Yes, they could. Could the Ukrainian war expand and undermine European […]

Dancing? Catastrophilia? How else would you characterize the following graphs? In the first, we have the wild swings of the markets in the last three months (in a nevertheless bell-shaped […]

Henry James described the story of an artist who devoted his entire life to a single painting as “The Madonna of the Future.” Yet, at his death, they found the […]

While we do not live in a world and a marketplace where the illusion that everything is fine and dandy dominates, an epidemic of denial as to the causes is […]

Plato and Hegel saw constant changes and sometimes revolutions as the seeds that forced societies to rise to the historical occasion of their times. Moreover, both of them considered evolutionary […]

Whether we talk about Herodotus, Thucydides, Montesquieu, or Gibbon, the fundamental element is that history illuminates human conditions. If we take it a step further, we discover that history is not the unpeeling of the past […]